BPI provides several methods to receive international money transfers, making it a convenient option for those in the Philippines. Users can expect different processing times depending on the method chosen and the currency involved. The options include direct deposits to BPI accounts, gift remittance, cash pick-up, and more. Fees vary depending on the method and type of currency used, but receiving money through BPI can be both cost-effective and quick, especially with services like Wise which offer low fees and fair exchange rates.
Discover how to receive money from abroad using BPI in the Philippines. Learn about the methods, fees, and processing times for international transfers. Explore cost-effective solutions with Wise for better exchange rates and lower fees.
Table: BPI Fees for Receiving Money from Abroad
| Remittance Type | BPI Receive Fee |
|---|---|
| Credit to account – peso account | 150 PHP |
| Credit to account – dollar account | 6.5 USD |
| Bank to bank – peso (BPI as intermediary) or credit to another bank | 150 PHP |
| Bank to bank – dollar (BPI as intermediary) or credit to another bank | 10 USD |
| Branch pickup – peso | 150 PHP |
| Branch pickup – dollar | 6.5 USD |
| Direct deposit/US pension: Credit to account – peso account | 6.5 USD + 0.60 PHP in documentary stamps for every PHP 200 or fraction thereof |
| Direct deposit/US pension: Credit to account – dollar account | 6.5 USD |
This table highlights the various fees associated with different remittance types for receiving money from abroad into a BPI account, helping you choose the most cost-effective option based on your specific needs.
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